News
Bluefin hires ex-JLT man to senior role
Bluefin Insurance Services has appointed Mike Crisp to the newly created role of business development director in its corporate risks division.
SRA consultation could scrap single renewal date for solicitors' PII
The Solicitors' Regulation Authority (SRA) has proposed the removal of the single renewal date for professional indemnity insurance (PII) for firms from October 2011, so that they can renew cover at any time of the year.
Video: What professionalism means to you - the market speaks out
At this year's Broker Expo, Insurance Age teamed up with the Chartered Insurance Institute to ask brokers what professionalism means to them
Insurance Age blog: Snow effect on the economy
This morning, ahead of writing my first blog for Insurance Age, I was standing on a frozen railway platform and somewhat surprised that the trains were being cancelled faster than orders for “England 2018” t-shirts.
Former Venture Preference MD joins Broker Network with start-up
Nick Inge, previously board director of Stuart Alexander and regional managing director of Venture Preference, has chosen Broker Network for Opus Risk Solutions.
Household insurance in flood risk areas subsidised by £511 annually, says Axa
According to data from Axa, household insurance for homes in high flood risk regions is being subsidised by £511 each year. The insurer stated this means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect…
Survey shows half of brokers unaware of CIE regulations
Allianz Commercial has found that almost 50% of brokers have no knowledge of the new Continuous Insurance Enforcement regulations, which are due to come into force early in 2011.
Amanda Blanc leaves Towergate for Axa
Axa UK has appointed Amanda Blanc as CEO of its commercial lines business which includes its distribution arm, Bluefin.
Bluefin buys Carlisle-based broker
Bluefin has acquired Ross Lloyd in Carlisle, its third acquisition of 2010.
Country headed for double dip recession as banks limit lending for five years
Delegates at the fifth Broker Network conference were warned to expect a double dip recession, slow to stagnant economic growth and that banks would be in no mood to lend for at least another five years.
Insurers will look to 'supporting brokers' in the future
Insurers will increasingly turn to “supporting” brokers as they attempt to tackle declining investment income according to Ageas MD, Mark Cliff.
Giles makes its largest acquisition
Giles has announced the acquisition of RA Rossborough and its general insurance broking companies. While the amount of the deal has not been disclosed Giles has confirmed it is the largest acquisition in the company’s history.
Brokers urged to push law firms to flag up ABS intentions to insurers
Brokers must push clients to alert their insurers if they are planning to become an Alternative Business Structure (ABS) or risk being drawn into claims for non-disclosure, according to legal experts.
Your opinions: Chartered Insurance Institute report on BCP highlights disparity in thinking
Insurance Age welcomes your opinions via email, Linked In, the Broker Forum, Twitter and good old-fashioned letters. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email martin.friel…
Viewpoint: Technically speaking
With the success of the iPad and Lloyd's plans to trial the replacement of traditional underwriting slips, Martin Eves asks whether new technology can be incorporated to benefit the insurance industry or if it is more often a case of hype over substance
Bluefin's Elite in run-off to allow greater Platinum focus
Bluefin has announced it is putting its Elite underwriting facility for small to medium-sized enterprise (SME) business into run-off in favour of expanding its existing Platinum product range.
News review: November 2010
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
Brokers penetrate regions with further acquisition activity
Acquisition activity has continued to bubble away in the regions where Cullum Capital Ventures (CCV), Barbon Insurance Group, Antur Insurance and BLS Insurance Brokers have all swooped for new businesses.
E-commerce: Powerplace completes '3 As' with Axa addition
Powerplace has secured what it described as the "3 As" after announcing Axa's intention to join its panel of insurers.
Your opinions: Public perception
On Twitter this month, BrokingLiz's followers were asked to define how the public saw brokers. Here are some of the best replies:
Threat of enforced commission disclosure fades as European bodies follow UK lead
An agreement between European broker and risk management associations is the clearest sign yet that the revised Insurance Mediation Directive (IMD) will opt for commission disclosure on request rather than making it compulsory, according to regulatory…
Entire Choicequote workforce in redundancy consultation
The entire staff and management team at Choicequote have entered a redundancy consultation period just two and a half years after the broker was bought by Groupama.
E-commerce: Besso launches online underwriting facility via MGA
Specialist Lloyd's broker Besso Group has launched what it describes as a unique online commercial underwriting facility via managing general agent (MGA) Gladstone Underwriting.
Referral fee income to stay
Legal experts have predicted that referral fees in personal injury cases will continue to exist in some form even if the Government decides to implement an outright ban on their use.